Asian equities bounced back on Thursday as calm returned to the market following the US Supreme Court’s sharp questioning on US President Donald Trump's use of sweeping tariffs.
In Hong Kong, the benchmark Hang Seng Index jumped 550 points or 2.12 percent to 26,485, a nearly one month high.
The tech gauge closed at 5,944, up 158 points or 2.7 percent.
Total market turnover for the day reached nearly HK$234.7 billion.
Technology stocks rose. Alibaba (9988) gained 4 percent and Tencent (0700) increased 2.4 percent.
Shares in Chinese self-driving start-ups Pony.AI (2026) and WeRide (0800) lost 9.3 percent and 10 percent on their debut, respectively.
However, another newcomer Vigonvita Life Sciences (2630) jumped 146 percent.
In mainland China, the Shanghai Composite Index rose 1 percent to 4,007 points while the Shenzhen Component Index marched 1.7 percent to 13,452.
Equity benchmark indexes in Taiwan and South Korea climbed 0.7 percent and 0.6 percent, respectively.
In Japan, the Nikkei 225 index climbed 1.34 percent.
US Supreme Court justices voiced scepticism over the legality of Trump's sweeping tariffs, a case that could have far-reaching consequences for global commerce and serves as a key test of his executive authority.
"If these tariffs are deemed unlawful and subsequently revoked, it could help bolster growth prospects and support FX performance across the Asia region," said Lloyd Chan, a senior currency analyst at MUFG.
STAFF REPORTER AND REUTERS
